Value Merlion

We see a return to form in July with growth of 1.7% MOM. Driven mainly by improved sentiments in the Singapore market as well as an increase in the Vice funds. The buying opportunities are still there, but they are in a zone which is neither too cheap nor expensive, which means less action. Singapore Singtel shares has slightly increase in values which gives me some breathing space. At the same time, the mid caps and small camps have also increased which contributed mainly to the improvement over last month. The market were fairly optimistic cautiously, but I am wary that the trade war might escalate. My shares of cash at this point in time is still around 15.6% Hong Kong Hong Kong shares has seen improvement over last month, mainly the same reasons in terms of macro. I have been reviewing this portfolio for awhile, and have decided to be cautious and stick to the number of shares that I have with the same amount. As you know, I have been looking for investment in the following....

Roughly 10 years ago, I started my first investment using in the STI ETF funds. I remember that period was the unravelling of the subprime crisis, however, the impact has yet to be felt full blown. You can actually see the price of STI ETF going down in prices as the whole episode runs it’s course. Subsequently, I begin to invest using my CPF over the years when I felt there was enough margin of safety in the blue chips. The philosophy of using CPF is mainly opportunistic. To be honest, I shouldn’t have done it considering how important CPF is for housing, but the gains outweighs the loss. As at 1 st August 2018, I have decided to divest the holdings for my mortgage. As you can see, based on XIRR, the returns are 7.89% (including dividends), which is quite respectable . However, I believed that it could be higher if I have not keep the counters for so long. Date   (Monthly Investment)/Received   Company   YTD Growth ...